Live Chat
Live Chat

China restriction causes some risk off sentiment on USD


USD lower slightly as the lower USDJPY and JPY cross driven the move also with lower Asian session stock. And some risk off sentiment occurs after the news about Trump wanting to impose restriction for Chinese companies investment in US Technology companies. China PBOC cuts RRR 0.5% over the weekend and try to offset some tariffs pressure that driven USDCNH to go higher up to 6.5530 in Tokyo session. USDJPY grids down and short term testing 109 support cannot be ruled out. USDCHF follows USDJPY lowering with EURCHF break below 1.15 also indirectly adding pressure for the pair.

EUR and GBP weakening slightly on both cross selling linked effect. Today lack of risk event and Germany IFO data, US New Home Sales, Chicago and Dallas Fed Manufacturing Index and stock/bond market move will direct the intraday action.


Hantec Global

Ready to start trading?

Open an Account Try Demo

  • Start Forex Trading with Hantec Global now

    LIVE ACCOUNT DEMO ACCOUNT

     
  • SUBSCRIBE to Hantec Global Newsletter